UPDATE: Stifel Nicolaus Raises PT to $22 on Celadon Group Following FQ4 Beat

Stifel Nicolaus reiterated its Buy rating on Celadon Group

and raised its price target from $20 to $22. Stifel Nicolaus said, "[Our] new target price suggests 50.9% upside potential in the company's common shares over the coming year, more than a sufficient amount of upside for us reiterate our Buy rating on Celadon Group's common shares, in our view. In summary, we believe the company continues to be very well positioned to continue to benefit from growth in the trans-border trade with both Canada and Mexico and the tightening supply demand dynamic at work within the longer haul truckload markets." Celadon Group closed at $14.58 on Monday.